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Zinc up by 0.4% on overseas cues

Better domestic demand also helped prices

Zinc up by 0.4% on overseas cues

Press Trust of India New Delhi
Zinc futures rose marginally by 0.36% to Rs 110.95 per kg after speculators increased bets amid a firming trend in base metals overseas and better domestic demand.

At the Multi Commodity Exchange, zinc for delivery in November was up 40 paise, or 0.36%, to Rs 110.95 per kg, with a business turnover of 428 lots.

The metal for delivery in December also edged higher by 25 paise, or 0.22%, to Rs 111.95 per kg, with a business turnover of nine lots.

Marketmen said besides a firming trend at domestic spot market, strength in base metals at the London Metal Exchange influenced zinc prices in futures trade.
 

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First Published: Nov 04 2015 | 11:48 AM IST

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